[Verse 1] In the realm where mission trumps the bottom line Not-for-profit entities serve a different design No ownership shares, no equity to claim Resource stewardship becomes their accounting game Part Three of the Handbook holds the key To financial statements that show accountability [Chorus] P-A-R-T Three rules the NFP scene Performance plus position, accountability's dream Restricted funds and designated too Transparency matters in everything you do Net assets tell the story clear Mission over money year by year [Verse 2] Revenue recognition gets a special twist Contributions and grants can't be missed Time restrictions, purpose restrictions bind Endowment funds with conditions defined Expenses by function, expenses by nature Donor intentions guide each nomenclature [Chorus] P-A-R-T Three rules the NFP scene Performance plus position, accountability's dream Restricted funds and designated too Transparency matters in everything you do Net assets tell the story clear Mission over money year by year [Bridge] Statement of operations shows the annual flow Statement of changes where net assets go Cash flow from operating, investing, financing streams Board designated funds fulfill strategic dreams Comparative figures paint the bigger picture Public trust depends on every fiscal fixture [Verse 3] Fund accounting principles organize the maze Temporarily restricted, permanently in place Capital asset recognition follows different rules Amortization methods provide the tools Notes disclosure amplifies the story told Stewardship reporting never gets old [Chorus] P-A-R-T Three rules the NFP scene Performance plus position, accountability's dream Restricted funds and designated too Transparency matters in everything you do Net assets tell the story clear Mission over money year by year [Outro] Three statements minimum, notes complete the tale Public accountability must never fail NFP framework serves the greater good Part Three compliance, clearly understood
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